v3.25.1
Unbilled Accounts Receivable
3 Months Ended
Mar. 31, 2025
Unbilled Accounts Receivable  
Unbilled Accounts Receivable

4. Unbilled Accounts Receivable

 

Unbilled accounts receivable represent revenues earned but not invoiced to the customer at the balance sheet date due to either timing of invoice processing or delays due to fixed contractual billing schedules. A significant portion of our unbilled accounts receivable consist of carrier services and hardware and software products delivered but not invoiced at the end of the reporting period.

 

The following table presents customers that represent ten (10) percent or more of consolidated unbilled accounts receivable as of the dates presented below:

 

 

 

MARCH 31,

 

 

DECEMBER 31,

 

 

 

2025

 

 

2024

 

 

 

As a % of

 

 

As a % of

 

Customer Type

 

Unbilled Receivables

 

 

Unbilled Receivables

 

 

 

(Unaudited)

 

U.S. Federal Government

 

 

99%

 

 

99%